Fording Canadian Coal Trust (Inc Trust)…

Fording Canadian Coal Trust (Inc Trust) (FDG.UN.TO)

0.00

-0.00 (0.00%)

2 watching

BUY

The outlook for coal is quite good. They are in the metallurgical coal. Most of theirs is shipped off to Japan and the outlook there continues to look good. If you like a pure play in coal this will be good.

DON'T BUY

Sold their holdings in the last 6/8 weeks. Enjoyed a good run. Thinks there will be some down tick next year in coal. More risks on the downside than opportunities on the upside.

WEAK BUY

Has benifited substantially from high metalurgical coal prices. Negotations are going to be developing for coal prices for next year and the general view is that prices are going to soften. Probably not a bad buy at this price, but as the income is paid out, you could see a drift in the unit price.

COMMENT

Have been hearing about a re-organization to a royalty trust, but doesn't believe this will result in any tax savings for unit holders.

BUY

Outlook for coal should be good for a few moer years.

HOLD

Q3 earnings were a little bit soft in terms of production. Some of their sales to China were delayed and pushed forward. There is also the problem of getting caught in the biusiness trust downdraft. Sold their position in Sept/05 on the basis of looking at increasing dividends in the near term but trading off against capital depreciation next year.

HOLD

Has been a great stock to be in. There has been a bit of a slowdown in demand for metalurgical coal from Japanese companies and some resistance to price. Reported disappointing earnings.

BUY

Coal price is fixed once a year in the spring. Price is now about $120 per ton which is up from $30. At this point you don't know what the price f coal will be. This will depend a lot on China and the economic activity going on there. Feels it is still going to be strong. Feels the yield will stay at 12%.

DON'T BUY

A good company, but with his feeling on a weakening energy sector, be defensive. If the cash flow is hurt, this trust could be hurt. Be cautious.

SELL

If you are looking for stable distribution, this is not for you. Thinks the upside on coal prices from here are pretty limited, but doesn't expect much downside either. In the coal market, it is a tax efficient way to play it.

HOLD

Had tremendous performance over the last several months and now getting near full value. Operationally, the company is performing well. High prices of coal is getting into the system and expects good 3rd/4th quarter results resulting in an increase in distributions, but that is already priced into the shares. Consider taking some profits.

DON'T BUY

Oil is tight and coal is playing catch up on that value basis. A super expensive stock. Feels that in 2/3 years there will be lots of coal around.

WEAK BUY

Payout ratio of about 85/90% after they've paid their CapX. Coal price is negotiated once a year and the risk is that you don't know what the price wil be next year. Have to watch what's happening in China. If their growth rate stays where it is, then prices should remain high.

BUY

Likes the outlook for metalurgical coal. Good pricing environment and demand.

COMMENT

Its best move is undoubtedly over. It could be trying to make a basing pattern. The key is for it to get over its peak in April. Has had a higher low, so you want to see it make a higher low.

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Fording Canadian Coal Trust (Inc Trust) (FDG.UN.TO)